Levies & Rates

‘In limbo land’: Apartment owners in bind over flammable cladding fix

2020-09-21T21:23:38+10:00

17 SEPTEMBER 2020 A drawn out saga over replacing flammable cladding has soured relations between owners of a southern Sydney apartment building and imposed a large financial burden on them. Yet almost 18 months after their local council ordered cladding to be removed, some owners of the Quattro Apartments at Gymea fear the material they plan to use to replace it won't comply in future because the state government is still [...]

‘In limbo land’: Apartment owners in bind over flammable cladding fix2020-09-21T21:23:38+10:00

How to add value to an entire apartment block

2020-11-18T12:13:57+11:00

20 August 2020 Getting all owners in an apartment complex to agree to extensive renovations requires much more than the power of persuasion. A commercial mindset, an active and competent body corporate and good timing are also essential. Licensed real estate agent and auctioneer Craig Rosevear, who has been closely involved in the external transformation of the three blocks of 14 apartments where he is an owner, suggests treating the project as [...]

How to add value to an entire apartment block2020-11-18T12:13:57+11:00

2GB – Calls for government to help pay for flammable cladding removal

2020-10-07T04:33:01+11:00

13 JULY 2020 Michael McLaren, 2GB Overnight Program host, is joined by Karen Stiles, Executive Officer of the Owners Corporation Network, a not-for-profit body representing apartment owners, who claims the federal government’s $25,000 Home Builder grants would have been better spent fixing apartment buildings cloaked in flammable cladding which posed a risk to lives. > Full interview at 2GB.com Michael McLaren

2GB – Calls for government to help pay for flammable cladding removal2020-10-07T04:33:01+11:00

Building defects cost Aussie home owners an average $6,434

2020-10-07T16:26:28+11:00

28 AUGUST 2019 Australia’s homeowners have been forced to fork out $10.5 billion in the last 10 years to address building defects, with the average apartment defect bill hitting $6,434, new research reveals. And while the average bills were less than $10,000, 4 per cent of apartment owners have had to cough up more than $50,000 to address issues. While the sum is significant, Owners Corporation Network (OCN) executive officer Karen [...]

Building defects cost Aussie home owners an average $6,4342020-10-07T16:26:28+11:00

Mascot Towers Owners Hit $76,000 per Unit

2020-10-07T16:35:36+11:00

4 AUGUST 2019 Owners of apartments in the evacuated Mascot Towers building in Sydney are planning to sleep on the street to protest a damages bill of at least $76,000 per unit to fix defects, as questions continue on who will ultimately have to pay. The owners face a $10 million bill – half the initial building cost of $22 million – to fix cracks in the building's primary support structure, [...]

Mascot Towers Owners Hit $76,000 per Unit2020-10-07T16:35:36+11:00

Opal Tower residents to sue NSW government

2020-10-08T11:51:31+11:00

30 JULY 2019 Owners of units in Sydney’s troubled Opal Tower are suing the NSW government for compensation, the Premier has this morning confirmed. Premier Gladys Berejiklian said she doesn’t “blame anybody” for taking legal action after a building flaw resulting in a large crack saw residents of the tower evacuated on Christmas Eve last year. "This is an unfortunate set of circumstances. We inherited the system we have today and [...]

Opal Tower residents to sue NSW government2020-10-08T11:51:31+11:00
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